American Water Works Company, Inc. (NYSE:AWK) Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,069 shares of the utilities provider’s stock after acquiring an additional 815 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in American Water Works were worth $2,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Northern Trust Corp raised its stake in American Water Works by 3.6% during the third quarter. Northern Trust Corp now owns 3,591,939 shares of the utilities provider’s stock worth $444,790,000 after acquiring an additional 124,815 shares during the period. Legal & General Group Plc grew its position in American Water Works by 1.1% in the 3rd quarter. Legal & General Group Plc now owns 2,974,530 shares of the utilities provider’s stock worth $368,336,000 after purchasing an additional 32,975 shares during the last quarter. Invesco Ltd. grew its position in American Water Works by 10.5% in the 3rd quarter. Invesco Ltd. now owns 2,831,622 shares of the utilities provider’s stock worth $350,640,000 after purchasing an additional 267,987 shares during the last quarter. Morgan Stanley grew its position in American Water Works by 4.7% in the 3rd quarter. Morgan Stanley now owns 2,624,871 shares of the utilities provider’s stock worth $325,038,000 after purchasing an additional 118,221 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in American Water Works by 5.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,117,550 shares of the utilities provider’s stock worth $279,495,000 after purchasing an additional 117,170 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Ratings Changes

AWK has been the subject of several recent analyst reports. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Evercore ISI cut shares of American Water Works from an “outperform” rating to an “in-line” rating and decreased their target price for the stock from $160.00 to $135.00 in a research report on Friday, February 16th. Finally, UBS Group upped their target price on shares of American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, American Water Works has an average rating of “Hold” and a consensus price target of $141.33.

American Water Works Trading Down 0.5 %

American Water Works stock opened at $127.87 on Wednesday. The firm has a 50 day simple moving average of $125.98 and a 200-day simple moving average of $125.73. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.85 and a quick ratio of 0.79. The stock has a market capitalization of $24.91 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 3.06 and a beta of 0.67. American Water Works Company, Inc. has a 12-month low of $113.34 and a 12-month high of $151.22.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $962.30 million. American Water Works had a net margin of 22.27% and a return on equity of 9.74%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.91 earnings per share. As a group, equities research analysts expect that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal year.

American Water Works Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 14th were issued a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.39%. This is a boost from American Water Works’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Monday, May 13th. American Water Works’s dividend payout ratio (DPR) is presently 62.07%.

American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.